Oracle 1Z0-1054-21 : Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

1. You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A) Use OTBI to create multiple reports that you save to a folder that only the users can access
B) Create a Smart view report, where the various sheets represent the different Financial Statements and send them the spreadsheet
C) Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
D) Use a report batch to run reports at a specific time to create a set of snapshot reports
E) Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

2. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

A) Financial Reports published to Excel
B) Account Inspector
C) Online Transactional Business Intelligence
D) Smart View
E) Account Monitor

3. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What does Oracle's recommended method to define this chart or accounts?

A) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
B) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
C) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
D) Define two different charts of accounts.

4. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

A) It is fine to have the same child value roll up to two or more different parent values
B) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
C) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
D) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
E) The tree should have at least two tree versions to reduce report and allocation maintenance

5. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
B) The Segment Value Security rules do not take effect until you assign the rules to users and products
C) You can use hierarchies to define rules
D) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts

Solutions: